Cabinet to pass NPL laws ahead of Friday’s House debate

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Cabinet to pass NPL laws ahead of Friday’s...
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By Stelios Orphanides

Finance Minister Harris Georgiades said that Cyprus had no other choice than to accept the European Commission’s conditions when it gave the go ahead for the sale of the Cyprus Cooperative Bank’s to Hellenic Bank, the Cyprus News Agency (CNA) reported on Wednesday.

Georgiades, who was talking to the members of the parliamentary finance committee a day after the cabinet approved a draft bill extending government guarantees to Cyprus Cooperative Bank assets acquired by Hellenic Bank as part of an agreed asset protection scheme,...


This article was automatically added to our system 27-6-2018

Cabinet to pass NPL laws ahead of Friday’s House debate


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Article Tags: cabinet, ahead, friday, house, debate,